Former Alameda Research CEO Caroline Ellison has engaged a former official of the Securities and Exchange Commission (SEC) and law firm WilmerHale to defend her in connection with the continuing investigation into the fatal demise of the cryptocurrency exchange FTX and its trading business Alameda Research. While at the SEC,
December 11, 2022 1 min read
The decentralized autonomous organization that runs Uniswap, one of the most popular decentralized places to trade cryptocurrencies, is holding a vote on a set of governance reforms that the Uniswap Foundation claims would simplify voting. According to a post by the foundation’s executive director Devin Walsh. Uniswap will hold a
December 10, 2022 2 mins read
Celebrities like as Justin Bieber, Madonna, Steph Curry, and Paris Hilton are being accused in a class action complaint filed on Thursday of breaking the law by promoting Bored Ape Yacht Club (BAYC) NFTs without disclosing their financial links to Yuga Labs. Yesterday, a lawsuit was filed in the Central
December 10, 2022 2 mins read
Coinbase, a cryptocurrency exchange, has urged its customers to transfer from Tether (USDT) to Circle’s USD Coin (USDC), calling the latter a “trusted and reputable stablecoin.” The underlying reason for the transition is unclear, but Coinbase feels recent events have prompted the move. On December 8th, Coinbase posted a blog
December 9, 2022 2 mins read
A lawsuit to prevent Microsoft’s acquisition of Activision Blizzard, makers of the Call of Duty and Overwatch series, was revealed on Thursday by the Federal Trade Commission. The FTC claims Microsoft would gain an unfair edge in the gaming sector as a result of the merger. Thereby turning it into
December 9, 2022 2 mins read
The United States Federal Trade Commission (FTC) is investigating several cryptocurrency businesses. For what it believes to be fraudulent or misleading cryptocurrency-related advertising. A spokesperson for the Federal Trade Commission, Juliana Gruenwald, was quoted in a Bloomberg article published on December 6. She said that the agency is looking into
December 6, 2022 1 min read
According to reports and social media postings from impacted workers, video game company GameStop fired off another batch of employees today in anticipation of its forthcoming results report. According to Axios, the company’s crypto wallet staff was struck especially hard. A lead software developer at GameStop, identified as “Daniel Williams.”
December 6, 2022 1 min read
Swyftx, an Australian cryptocurrency exchange, has announced the layoff of 90 employees in preparation for a “worst-case scenario” resulting from the collapse of FTX and a possible reduction in global trading volumes in 2023. Moreover, Swyftx co-CEO Alex Harper announced the decision in a statement on December 5, stressing that
December 5, 2022 1 min read
Soon, the proud owners of Bored Ape Yacht Club (BAYC) NFTs will be able to flaunt their PFPs on their wrists, forever preserved in a one-of-a-kind Timex timepiece. Timex has teamed up with the Bored Ape Yacht Club to offer 500 watches that prominently feature the owner’s Ape or Mutant
December 5, 2022 2 mins read
A group of Nigerians who are unhappy with Atom Asset Exchange (AAX) allegedly attacked the company’s Lagos headquarters and beat up personnel, as reported by the local press. The irate crowd, allegedly, asked that a ban on withdrawals that had been in place since November 12 be lifted. Legit’s article
December 4, 2022 2 mins read